This Is What Whales Are Betting On Adobe
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Adobe (NASDAQ:ADBE), with 29 uncommon options trades spotted, split between 51% bullish and 48% bearish. The whales have been targeting a price range from $270.0 to $600.0 for Adobe over the last 3 months. The price of ADBE is currently down -3.27% at $546.05. Several experts have maintained or upgraded their ratings on Adobe, with price targets ranging from $600 to $660.
September 12, 2023 | 6:01 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Adobe, indicating potential positive movement. Analysts have maintained or upgraded their ratings, with price targets above the current price.
The bullish stance taken by a large investor, combined with the positive analyst ratings and price targets above the current price, suggest potential upward movement for Adobe's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100